“Not without offering first to buy back those loans at a ‘fair’ price”
I suppose that depends on the terms of the sale to the private sector?
If you look at page 2 of the current version of Student loans — a guide to terms and conditions, it includes the paragraph: “The regulations may change from time to time and this means the terms of your loan may also change.”
One could argue that a third party would have purchased the loan book fully aware that the terms could be changed retrospectively. And priced that risk into their bid.
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Just thinking through Neil’s proposal, would those students who had part-paid or fully paid their loan be compensated for their capital + interest payments to date?
And how about those who paid student fees up front out of their savings rather than applying for a student loan? They may not just be rich kids (e.g. a mature student who returns to full time education.)
